Aviva Investors eyes build-to-rent earnings as it bolsters European team October 3, 2022 Aviva Investors is looking to develop a build-to-rent portfolio in Spain worth €500m (£438m), having recently built out its European real estate investment team. It is the second build-to-rent venture by Aviva Investors and its first in continental Europe, following its partnership with Packaged Living for 195 homes in the West Midlands, UK. The asset manager [...]
Socially conscious insurer Lemonade makes first entry into UK market October 3, 2022 New York insuretech company Lemonade Inc today launched in the UK market with a view to disrupting Britain’s centuries-old insurance sector with its socially-conscious, AI-driven business model. The digital insurer aims to break the “cycle of distrust that plagues the insurance industry” with its pledge to cap its margins at 25 per cent by donating [...]
Economic headwinds risk leaving UK’s small businesses underinsured September 29, 2022 The headwinds facing the UK economy risk leaving small businesses underinsured, Aviva has warned. Inflation, supply chain disruption, and labour shortages could leave UK small and medium enterprises (SMEs) at risk of facing huge bills, if the insurance policies they have fail to cover the actual costs repairing buildings or replacing assets, the insurance giant [...]
City Moves: Who’s switching jobs in the Square Mile? September 7, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email [email protected] to be featured. Lombard Odier Investment Managers Lombard Odier Investment Managers has built out its UK wholesale team with a fresh sales director. George Guest, who stepped into the London-based role at the end August, will be responsible for promoting [...]
Aviva hikes dividend and assures £400m takeover nearly over August 10, 2022 Insurance giant Aviva has sought to soothe investor concerns today, confirming that the nearly £400m takeover of Succession Wealth will be completed later this year. The deal is expected to be wrap up in the second half. While its interim dividend for this year has jumped 40 per cent to 10.3p per share – up [...]
Aviva looks to settle investor nerves after share price slide August 8, 2022 Aviva shareholders are braced to see whether the insurance giant can regain some momentum this week after its share price has stalled in recent months to trade no higher than 30 years ago.
Aviva chief Amanda Blanc joins BP as non-executive director August 2, 2022 British energy major BP today said it has recruited Aviva chief executive and insurance sector veteran Amanda Blanc to sit on its board of directors. The appointment is set to see Blanc sit on BP’s board as a non-executive director, whilst continuing in her current job as chief executive of British insurance giant Aviva. In [...]
Aviva on track to meet financial targets after sales jump five per cent May 18, 2022 British insurance giant Aviva today said it is on track to meet its financial targets after its sales increased by 5 per cent to £2bn, on the back of strong trading in the UK and Canada. The London insurer said it had brought in an extra 100,000 UK customers over the previous year brining its [...]
Coalition of football clubs file lawsuit against insurers in wake of landmark Axa ruling May 17, 2022 A coalition of football clubs have filed a multi-party lawsuit against six major insurers seeking a larger payout for money lost during Covid-19, after the UK’s Supreme Court said businesses are allowed to reclaim losses suffered due to the impacts of the pandemic. A consortium of 20 separate claimants – including Arsenal, Liverpool, and Aston [...]
Aviva chair hits back at shareholders following ‘inappropriate’ comments at AGM May 11, 2022 The chair of Aviva has said he was left “flabbergasted” by a barrage of “inappropriate” comments targeted towards female board members at Aviva’s annual general meeting (AGM) this week. The Aviva chair hit out at shareholders, after investors subjected female company executives, including Aviva chief Amanda Blanc, to a barrage of sexist comments on Monday, [...]